Re: incredible... its looks as if upanchors is doing what he does best and has done for the past 2 years - putting his fingers in his ears and refusing to accept that the fact that its his fault he is where he is.I posted on here quite some time back RE the liquidation and stated that it was pretty damn clear then that Bentley in this climate really isn't worth much at all-Judging by the team and the links with warrick capital partners (disressted FI, special sit investing) they would have been buying the bonds just prior to liquidation for probably around 10/15p in the £ - so warricks exposure may be in the region of $20/30m - your comments about it being a $2.5bn field etc are laughable and really prove that you shouldn't have been investing in what you do not understand.Just accept it , stop pointing fingers and move on.
Re: Company news Full accounts and annual report for 2016 published at companies house, might give a bit more of an insight into events over the last year or so.companies house also now has details of the charge that I mentioned in my previous post.
Re: Magic Circle All corncerned at Bioprogress/Meldex were out of reach!Got away scot free with that blatant fraud.The so called authorities did absolutely nothing!All the evidence is there to see on the A D V F N meldex fraud thread.Lost there, lost here.
Company news for those still interested, there's a new charge against Whalsay Energy in addition to the bond charge, with Glas Trust Corporation Ltd.
Re: Magic Circle Out of reach of an investigation old boy, even you couldn't dispute that
Re: Magic Circle I would wait and see if anyone is actually prosecuted and subsequently convicted before making that claim.
Magic Circle law firm Clifford Chance being investigated by the legal regulator for its conduct in the Excalibur Ventures lawsuit.Goes to show, no-one is out of reach.
Re: McDaniel pricing forecast But you can only go off what the bod tell you.If you dont believe them or think they are dishonest and lack integrity then you shouldnt be invested .In all their communications they were confident right until the end.Remember things like we think we have the guarantor.So what happened in that meeting with the O&G who pulled the plug and who leaked it or did someone in that meeting use that info to sell after the fake article? We also have a Tracs valuation and house broker notes.Not once was there a suggestion funding wouldnt be obtained.A deal was agreed subject to the partner or guarantor joining the group.It looks like a bad investment decision because we were misled lied to and manipulated to keep the lights on.Is this any different to Fred Goodwins cover up and lies to shareholders who have now won their case ? Time will only tell if the bond holders have had plans all along, who really owns Whalsay and whether its genuine or something else.It does suit given the environment to bat this down the line and hope its all going to go quiet.Thats why it needs to be made more high profile and someone gather the evidence and then tell us we were all bad investors including Cavendish and JOT etc.They sold before the end but lost millions and Cavendish were buying when the company were secretly taking insolvency advice whilst telling shareholders something different.
McDaniel pricing forecast Latest McDaniel report doesn't have Brent hitting $100 until 2035 and languishing in the 50s and 60s until 2021.No wonder other companies were reluctant to throw money at Xcite to buy it off the bondholders.and for all of you moaning, how many of you actually put the effort into voting out Rupert and the other board members in the last few years? How many years of changing tack, prevaricating and obfuscating did it take to realise the management isn't up to the job?Cutting through all the emotion, what it really comes to now is people wanting to blame others for their poor investment decisions however flimsy the case to answer is.I accepted a couple of years ago this was probably a dead duck, I'm probably going to have to retire later as a result of losses incurred but that's my fault not Rupert's or the bondholders.Someone ought to write a book on this, it would be a great cautionary tale for future private investors.
Re: Is anyone taking them to COURT!!! well there was once a lot of talk about it...[link] guess in the cold light of day reality with not that many (only 117 pledged) still believing in any actual (conspirators assumptions don't really count) wrongdoing it wouldn't have got them very far with legal fees what they are...one option might have been to use one of those 'no win no fee' ambulance chasing outfits...or better still...why not apply to Judge Rinder...it would certainly have made for some entertaining television... the peoples case for:Rupert Vs Anchors
Is anyone taking them to COURT!!! So far we are just talking what happened in the past. Many of the board members have and shown good knowledge about XEL related matters.Is anyone on this board proceeding with any legal action ?
Re: Bressay Statoil are a multi national oil company with numerous projects vying for a slice of a reduced Capex budget, Bentley in production would give them the confidence or otherwise in a FID for Bressay. IMHO.
Re: Incredible FACTS(best AIM co.) -----XEL was most definitely NOT the best buy on AIM... ----- GC Trader what do you know, compaired to expert knowledge of Upwanchors, bow down and pay the tribute
Re: Bressay Why do they need Bentley brought online?
Bressay Statoil are leaving Bressay in the parking lot for the foreseeable future. Too difficult at the moment, suggests they really needed Xcite to bring on Bentley. Makes you wonder if Whalsay will be selling for 50c if it is very HO is difficult for a company like Statoil.